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Colliers Leaders Forum | Biding your time

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President Joe Biden's first 100 days and the impact on Hong Kong's real estate market

As the global economy looks set for a rebound after COVID-19, all eyes are on the recovery in the U.S. With the passing of the US$1.9 trillion COVID-19 Stimulus and Relief Package, the economy is set to go into overdrive. As demand for products and services strengthens, there are questions around the recovery of disrupted supply-chains and the sustainability of the Chinese economy.

Highlights

  • The Biden administration’s U.S. COVID-19 Stimulus and Relief Package should drive a surge in US GDP growth to 7.7% in 2021
  • Sharp economic recovery paired with the American Jobs Plan should drive the strongest absolute employment growth in U.S. history in 2021 - some eight million new jobs
  • Rising U.S. interest rates have implications for Asia and Asian property – not least in Hong Kong due to the U.S. dollar peg – including the direction of the cap rates used in property valuations

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Colliers Leaders Forum | Biding your time

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Nigel Smith

Senior Consultant

Managing Director's Office | Hong Kong

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Nigel Smith is a Senior Consultant at Colliers based in Hong Kong and is responsible for managing key client accounts and mandates. With over 30 years working and living in Hong Kong, he has a wide knowledge of real estate covering development, transactions and advisory.  Nigel has worked on many large mixed use projects and super tall office towers accross Asia and is an expert in development design, branding, marketing and leasing. 

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Rosanna Tang

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